Himachal Clears 9 Industrial Proposals Involving Rs 267 Cr Investments

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Kuldip Oswal Cotspin to set up yarn unit at Una, Aishwarya Life Sciences a drug unit at Baddi

Shimla: High powered single window clearance authority today cleared 6 new industrial proposals and also permitted expansion plans of three existing units, which would involve fresh investments of Rs 267.68 crores.

Presided over by chief minister Prem Kumar Dhumal, the major project cleared by the authority was that of Kuldip Oswal Cotspin Pvt Ltd for setting up and yarn manufacturing plant at Bathri in Una district with an investment of Rs 72 crore.

Besides the yarn unit, other proposals cleared were that of Aishwarya Life Sciences for setting up a life saving drug unit at Baddi with an investment of Rs 47.61 crore, a textile manufacturing unit by Sainath Texport Ltd at Nalagarh with an proposed investment of Rs 35.38 crore and an air conditioning and refrigeration manufacturing unit by Blue Star Ltd at Ogli village of Sirmaur district with an investment outlay of Rs 35 crore, a government spokesman said.

The fresh investment proposals are expected to create employment avenues for atleast 1350 people.
Speaking on the occasion, chief minister Dhumal said that it was due to the credibility and trust built amongst the investors that the state was attracting fresh investment proposals.

The government has set up the Baddi-Barotiwala-Nalagarh Development Authority with a view to carry out planned development of the industrial area, he said.

He asked the authorities to maintain liaison with prospective investors and attract more multi-national companies to invest in the state.

At the meet chief secretary Rajwant Sandhu asked concerned authorities to ensure that the land allotted to the entrepreneurs was being utilized for the specific purpose and no unauthorized activities were being permitted on industrial plots.

Editor-Reporter with Hill Post, Ravinder Makhaik as a journalist has for over two decades worked for India’s leading newspapers and television networks.

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